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HomeMy WebLinkAbout2018-007 EDARCommissioner April Graves introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2018-07 RESOLUTION REGARDING THE APPROVAL AND SUBMISSION OF A MINNESOTA INVESTMENT FUND APPLICATION IN CONNECTION WITH THE CITY OF BROOKLYN CENTER AND THE ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER FOR THE PROJECT ENTITLED GET BIZZY, INC. WHEREAS, the City of Brooklyn Center, Minnesota desires to assist the business Get Bizzy, Inc., which is proposing to relocate to the City of Brooklyn Center and acquire additional equipment and employees within the City; and WHEREAS, the City of Brooklyn Center understands that Get Bizzy, Inc., through and with the support of the Economic Development Authority of Brooklyn Center, wishes to apply or has applied to the Minnesota Department of Employment and Economic Developments' Minnesota Invest Fund Program for project financing; and WHEREAS, the City of Brooklyn Center held a City Council meeting on June 25, 2018 to consider this matter and the City Council voted to authorize the Economic Development Authority to submit the application, execute any agreements, and administer the loan; and WHEREAS, the Economic Development Authority of Brooklyn Center held a public hearing regarding this matter at the June 25, 2018 meeting; and WHEREAS, the City of Brooklyn Center has identified Resident Economic Stability as a strategic priority, which includes growing opportunities for Brooklyn Center residents to have access to high quality, livable wage jobs; and WHERES, the City is committed to working with Get Bizzy, Inc. to help connect them with workers in the community, and expect, as part of the Economic Development Authority's application to the Minnesota Department of Employment and Economic Development on their behalf, that Get Bizzy, Inc. will strive to hire residents of Brooklyn Center whenever feasible. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners ("Board") of the Economic Development Authority of Brooklyn Center, Minnesota hereby express their approval of the Minnesota Investment Fund application submission on behalf of Get Bizzy, Inc., and authorizes the Economic Development Authority Secretary to submit the application, execute any agreements and to administer the loan. June 25, 2018 2I/ Date President EDA RESOLUTION NO. 2018- 07 ATTEST: 1LWtUJL tLtU,J( City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Dan Ryan and upon vote being taken thereon, the following voted in favor thereof: Tim Willson, MArquita Butler, April Graves, Kris Lawrence-Anderson, DAn Ryan and the following voted against the same: whereupon said resolution was declared duly passed and adopted.